Minister of Finance Nguyen Van Thang announced plans for significant diversification of Vietnam's stock market products, aiming to attract more listings and introduce new asset classes. Speaking at the bell-ringing ceremony for the start of spring 2026, he highlighted strategies to expand the market's offerings, including encouraging foreign direct investment (FDI) enterprises and innovative startups to list, alongside establishing markets for crypto assets and carbon credits.

A central task, according to Minister Thang, is to actively attract foreign direct investment (FDI) enterprises to list on the stock exchange. This initiative seeks to boost diversity and competitiveness within the domestic market. Nguyen Hoai Thu, Deputy General Director of VinaCapital, expressed strong support for this move, noting that agencies are developing supportive policies. She revealed that VinaCapital is engaging with numerous prominent FDI firms in Vietnam eager to list their shares.

Minister of Finance Nguyen Van Thang speaks at the bell-ringing ceremony to open stock trading for spring 2026. Photo: Chi Kien.

Beyond traditional offerings, 2026 is poised to be a pivotal year for new asset types aligned with digital and green economy trends. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission (SSC), confirmed that the agency is advising the Ministry of Finance on establishing and operating a crypto asset trading market. Concurrently, the carbon credit trading market is finalizing its policy mechanisms and is expected to commence operations this year.

The securities industry is also prioritizing support for innovative enterprises by establishing a specialized trading platform. Minister Thang underscored that an effectively operated stock trading market dedicated to startups and innovative businesses would provide a legitimate and efficient channel for them to access public capital. This aligns with earlier recommendations from analysts and experts for a specific decree with more flexible listing conditions, focusing on future revenue potential and profitability rather than immediate profits. This expansion is widely expected to offer startups additional capital mobilization avenues while providing investors with a broader array of market products.

To ensure the stable operation of these new market products, the securities industry is committed to strengthening both its legal framework and technological infrastructure alongside product development. The implementation of a new information technology system and upgrades to digital transformation operations are considered crucial enablers. According to Vu Thi Chan Phuong, these advancements in digital transformation and trading technology will not only guarantee safe and seamless market operations but also enhance oversight, ensuring market stability and transparency.

Tat Dat